Midwest Renewable Tracking System Inc

“The executive committee is responsible for convening the leadership of the board to deal with matters that may not be able to wait until the full board of directors meets and to address other matters referred to the committee by the full board. The voting members of the committee are the officers, including the president, vice-president, treasurer, secretary, and up to one at-large member. The executive director is a non-voting ex-officio member.”

“Changes to organizational bylaws: 1. We changed our purpose to include all environmental attributes and added decarbonization. 2. Changed our principal office from madison, wisconsin to minneapolis, minnesota. 3. We changed the requirement that industry and regulator board seats are "balanced". 4. Expanded the ability to have more subject matter expert board members. 5. The m-rets region is defined as all of north america. 6. Executive director is now chief executive and board president and vice-president are now chair and vice-chair. 7. We added permissive language that grants the board the ability to pay directors but does not require it.”

“M-rets board of directors and management reviews the 990 prior to filing it with the irs. A review consists of providing drafts to directors and management for review and input as well as presentation and discussion of the 990 at the april board of directors meeting prior to filing.”

“As stipulated in the approved annual board meeting calendar, the conflict of interest forms will be signed every year at the annual meeting. All directors and staff signed a conflict of interest policy for the 2020 fy. New directors joining the board were asked to sign the conflict of interest policy upon being appointed to the board. Management retains signed documents on file. The board maintains a fiduciary duties, roles and expectations document for board members that states board members shall "ascertain that appropriate policies have been established to define and identify conflict of interest throughout the organization and enforce those policies." all representatives of the m-rets are covered by the policy. Any time decisions involve matters in which a representative or their family is involved, the president of the board is notified. Any representative with a conflict refrains from voting or using personal influence at meetings involving conflicting matters. Conflicts of interest are determined by uninterested members. All pertinent information in the possession of a conflicted party is made available to the president of the board and disclosed. Proceedings resulting from conflict of interest disclosures are documented in the meeting minutes or as otherwise appropriate.”

“Outside human resources organization provided salary comparison for 2020. Salary.com comp analysis tool was purchased for comparison of salaries as well. Staff compensation is approved by the board of directors as a part of the budget approval each year. The executive committee reviews and establishes the compensation for the chief executive. Salary comparison tools and resources are used to consider competitive but market compensation. The chief executive determines the compensation of all other employees and also uses salary comparison tools and resources in the deliberation.”

“Governing documents including the conflict of interest policy is on the website. Financial statements are available upon request.”

“System administration: program service expenses 591,678. Management and general expenses 0. Fundraising expenses 0. Total expenses 591,678. Consulting fees: program service expenses 0. Management and general expenses 27,767. Fundraising expenses 0. Total expenses 27,767. Other fees: program service expenses 30,576. Management and general expenses 8,030. Fundraising expenses 0. Total expenses 38,606.”